{"id":985,"date":"2013-04-30T03:01:45","date_gmt":"2013-04-30T03:01:45","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=985"},"modified":"2017-01-03T16:20:36","modified_gmt":"2017-01-03T16:20:36","slug":"alabama-automotive-dismantler-and-parts-recycler-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/alabama-automotive-dismantler-and-parts-recycler-bond\/","title":{"rendered":"Alabama Automotive Dismantler and Parts Recycler Bond"},"content":{"rendered":"<p>An <strong><a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">Alabama Automotive Dismantler and Parts Recycler Bond<\/a><\/strong>\u00a0and a license issued\u00a0by the Alabama Department of Revenue are require to engage in the business of an automotive dismantler and parts recycler. \u00a0By law, a person, firm, or corporation engaged in the business of purchasing and dismantling, disassembling or repairing, wrecked, abandoned, or repairable motor vehicles and selling the usable parts thereof, or selling such wrecked, abandoned, or repairable motor vehicles as a unit at wholesale, or selling the hulk of the vehicle after the salvageable parts have been removed must provide the\u00a0<strong><a title=\"AL parts recycler bond form\" href=\"http:\/\/revenue.alabama.gov\/publications\/business-taxes\/auto\/Auto_Dismantler_&amp;_Parts_Recycler_License_Application_Forms_&amp;_Instructions.pdf\" target=\"_blank\">Alabama automotive dismantler and parts recycler bond<\/a><\/strong>. \u00a0Further, a person, firm, or corporation shall be presumed to be engaging in the business of an automotive dismantler and parts recycler if such person, firm, or corporation shall possess 10 or more inoperable motor vehicles for more than 30 days, except where such inoperable motor vehicles are being held by a licensed junk dealer or scrap processor for the purpose of recycling scrap metal, or are being held by a licensed repair business awaiting repairs. \u00a0The\u00a0<strong>Alabama automotive dismantler and parts recycler bond<\/strong>\u00a0must be written on Form LIC: 756-2 entitled &#8220;<strong>Bond of Automotive Dismantler and Parts Recycler<\/strong>&#8221; in the amount of $10,000 and must be completed by a qualified surety company authorized in the State of Alabama. \u00a0The surety bond obligation states, &#8220;the Principal has been duly licensed as an \u201cautomotive dismantler and parts recycler\u201d by the <a title=\"AL Dept of Rev.\" href=\"http:\/\/revenue.alabama.gov\/licenses\/requirements.cfm\" target=\"_blank\">Alabama Department of Revenue<\/a> as provided for in the Sections 40-12-410 through 40-12-425, <a title=\"Code of AL Auto Recyclers\" href=\"http:\/\/law.onecle.com\/alabama\/revenue-and-taxation\/chapter12.html\" target=\"_blank\">Code of Alabama 1975<\/a>,\u00a0 subject to the execution of bond, therefore the Principal shall well and faithfully perform the duties as such \u201cautomotive dismantler and parts recycler,\u201d (as per the Code).\u00a0<strong>Alabama surety leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>\u00a0offers\u00a0<strong><a title=\"Dealer bond requirements\" href=\"https:\/\/suretyone.com\/pdf\/commercial\/license-bonds\/mv-dealer-bond-requirements.pdf\" target=\"_blank\">motor vehicle recycler bonds<\/a><\/strong>\u00a0and <strong>dealer bonds<\/strong> in all states where they are required by law. \u00a0Our special programs allow us to offer you bonding regardless of your credit and financial condition. Visit us at\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email us at\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for an\u00a0<strong>Alabama automotive dismantler and parts recycler bond<\/strong>\u00a0application or for information on any surety need.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Alabama Automotive Dismantler and Parts Recycler Bond\u00a0and a license issued\u00a0by the Alabama Department of Revenue are require to engage in the business of an automotive dismantler and parts recycler. \u00a0By law, a person, firm, or corporation engaged in the&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/alabama-automotive-dismantler-and-parts-recycler-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[159],"tags":[1232,1231,265,1233],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alabama Automotive Dismantler and Parts Recycler Bond &bull; Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/alabama-automotive-dismantler-and-parts-recycler-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alabama Automotive Dismantler and Parts Recycler Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"An Alabama Automotive Dismantler and Parts Recycler Bond\u00a0and a license issued\u00a0by the Alabama Department of Revenue are require to engage in the business of an automotive dismantler and parts recycler. \u00a0By law, a person, firm, or corporation engaged in the... 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